When thinking about the 21 different ways to lose a license, they all have the opportunity to be harmful to clients. For my assignment, I was asked to pick one of them to think about. I want to focus on when a licensee breaches fiduciary duties owed to clients. The first question one may have, is what are the fiduciary duties that are owed to clients and what does fiduciary mean? Fiduciary can be a person or organization that will act on behalf of someone else to help manage their property or money. In real estate, the fiduciary duties that are owed to clients are: accounting, confidentiality, loyalty, care, disclosure, and obedience. As a licensee, you are obligated to fulfill these duties to your clients. The following website gives a good summary of all these duties https://www.nar.r...
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